Senate launches inquiry into mining industry to address revenue decline

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Economic Diversification In Nigeria Новости

Nigerian Mining Industry,Senate Investigative Hearing,Solid Minerals Revenue Decline

The Nigerian Senate has launched a three-day investigative hearing to examine the input and output values of the mining industry, addressing the sector's critical role in economic diversification and foreign exchange earnings. The hearing will explore the causes of declining revenue from solid minerals development.

The Nigerian Senate has begun a three-day investigative hearing to examine the input and output values of the country's mining industry. This initiative comes in response to the industry's critical role in economic diversification, foreign exchange earnings, and social inclusion.

The Senate has begun an investigative hearing to examine the input and output values of the country’s mining industry following a motion moved by Senator Osita Ngwu. “We are gathered here with a shared purpose, to ask very tough questions and seek answers that will shape the future of this great nation,” Akpabio said. He likened the Senate’s investigation to Isaac Newton’s curiosity, which led to the discovery of the law of gravity, suggesting that this hearing could yield similar groundbreaking results for Nigeria’s economy.

The Nigerian Senate has begun a three-day investigative hearing to examine the input and output values of the country's mining industry. This initiative comes in response to the industry's critical role in economic diversification, foreign exchange earnings, and social inclusion.

The CEO of cryptocurrency giant Binance, Tuesday, claimed that some agents of Nigerian officials demanded secret payment to make its problems "go away". Richard Teng, who took over from founder and former CEO Changpeng Zhao, said in a blog on Binance's website that the request was made through a local law firm it hired. "Counsel…

 

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